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A presentation of both sides of the Douglas theory, equally forcibly, equally fairly. Purposes of a public library. The principles of democracy. The speaker addressing the audience not as a politician but as a student of economics. A summary of what we could collect for ourselves if we chose to read on both sides of this particular topic. Some comments on Major Douglas' contributions to the subject. An outline of the main principles of this new development called Social Credit. Douglas' common argument: that the trouble in the world today is the trouble of under-consumption. Ideas put forward to cure this ill. Three preliminary points, each with discussion: that money need have no particular value in itself; that bank deposits are largely fictitious; that industry today attempts to recover in its prices all the costs of production. Details of Douglas' argument are offered. The basic argument: the Financial Credit of a country must be made equal and must be kept equal to its Real Credit; its Real Credit is its productive capacity; its Financial Credit is its consuming capacity; these must be made equal and kept equal, and the task of doing it must be a function of the government. Application proposals of this theory, in detailed discussion. First, the setting up of a National Credit Account, or a National Accounting Bureau. Second, the creation of what is called a National Dividend. One or two criticisms of the Social Credit scheme, in detailed discussion. A fallacy in the Social Credit argument that deposits are in reality fictitious; a possible fallacy in the argument about the insufficiency of consuming power in the possession of the consumer that there is never enough purchasing power in the possession of the consumer to buy back the product of industry. The role played by consumer credit in industry today. A look at the finance of the scheme. The difficult of putting our hands on real wealth on which is to be made the basis for the issue of further financial credit, of further purchasing power in the Social Credit scheme. Some summary comments.